The Mill will be Lancaster’s stunning new PBSA development. Located only 0.6 miles from Lancaster University and in an area unrivalled by other potential developments.
September 2020, the Victorian Mill conversion will deliver the under-supplied 18,000 students, 107 fully furnished, high specification studio apartments and will be equipped with cafe, cinema, gymnasium and games room.
With entry level for investors at £85,000 up to £105,000, the developer has assured a fixed return of 8% net for 5 years. Meaning annual net income from £6,800 – £8,400.
Lancaster is an extremely popular destination, attracting 12,960 students from 142 countries during 2017/18. And, it’s growing. The student population has increased at a rate of 16% P/A since 2008/09 – well above the national average of 12%.
Lancaster Universities have invested over £170m into expansion and campus improvement since 2013.
Lancaster University was proudly named top international university by The Times and The Sunday Times – Best Student Guide 2020.
The Mill’s location is just a stone’s throw from Lancaster University’s main campus and the property combines a convenient location with stunning countryside. With the university’s sports centre and local bars just a 10-minute walk away, all the trappings of student living are on residents’ doorstep. There’s even a 4-star hotel nearby for visiting parents and relatives.
Set within easy reach of some of Britain’s most breathtaking landscapes – including the Lake District, Forest of Bowland, and Yorkshire Dales – Lancaster is truly an enviable city to live in.
As the county town of Lancashire, it possesses excellent transport links with the rest of the region and the UK as a whole. Lancaster is located just 52 miles north west of Manchester
and provides easy access to the M6 for routes to Scotland, London, and Southern England.
It provides fast, direct connections to all of the UK’s major cities including Edinburgh, Birmingham, Glasgow, and London. Travel to local centres such as Liverpool, Leeds, and Manchester is served by a regular regional service. And Manchester International Airport and Liverpool John Lennon Airport are both approximately 70 minutes away.
- Fully furnished, high spec Studios from £85,000 – £105,000
- Scheduled to complete September 2020
- Assured 8% net annual return
- Assured fixed annual rental income from £6,800 – £8,400
- Fixed rental return assured for 5 years
- Cash Purchase only
- 4% p.a interest paid on Exchange funds until completion
- 50% on Exchange and 50% on Completion
- Onsite cafe, gymnasium, cinema room and games room.
- Only 0.6 miles from Lancaster University
- Ranked 1st, Best University Guide 2020 (The Sunday Times)
- Good developer track record